Each year I up the rent $10 per week. So now it will be $240 per week. This is for a 1 bed (renovated kitchen) unit, 8 km to the Perth CBD.
I couldn't believe it when the PM said that the tenant said she couldn't afford the increase! Hopefully she will see reason. Looking at realestate.com all the other propertys are renting for the same amount or higher. Its market value rent. She wont find anything cheaper for what she's got.
hmmm... hoping she decides to stick around and not move back to her parents. i'm not thinking too far ahead but if i were to have a vacancy at least now I have a buffer that would last me a few months if there is a vacancy.
It is a little worrying for me though. PM says she'll get back to me tomorrow.
Geez... Everything goes up every year... goods, services, rents. Her wages probably even go up too! Its life.
ps there is no way in hell i would ever back down on the increase even though she has been an excellent tenant. $10 per week is a very reasonable increase!
I'm just glad now I didn't ask for $20 lol. I would've well and truly scared her off haha. Maybe she is just trying to test the waters and see what she can get away with. I dunno.
Fingers cross she sticks around for at least another 12 months.
How are rentals in Perth? I keep reading that Perth rental increases are going up now!? The vacancy rate is around 2.5%
If I had to re-advertise I'd probably advertise at $230 just so as to get someone in. Another unit in the complex had trouble getting someone for $250 per week. Anyway I wont worry about that unless it happens.
I couldn't believe it when the PM said that the tenant said she couldn't afford the increase! Hopefully she will see reason. Looking at realestate.com all the other propertys are renting for the same amount or higher. Its market value rent. She wont find anything cheaper for what she's got.
hmmm... hoping she decides to stick around and not move back to her parents. i'm not thinking too far ahead but if i were to have a vacancy at least now I have a buffer that would last me a few months if there is a vacancy.
It is a little worrying for me though. PM says she'll get back to me tomorrow.
Geez... Everything goes up every year... goods, services, rents. Her wages probably even go up too! Its life.
ps there is no way in hell i would ever back down on the increase even though she has been an excellent tenant. $10 per week is a very reasonable increase!
I'm just glad now I didn't ask for $20 lol. I would've well and truly scared her off haha. Maybe she is just trying to test the waters and see what she can get away with. I dunno.
Fingers cross she sticks around for at least another 12 months.
How are rentals in Perth? I keep reading that Perth rental increases are going up now!? The vacancy rate is around 2.5%
If I had to re-advertise I'd probably advertise at $230 just so as to get someone in. Another unit in the complex had trouble getting someone for $250 per week. Anyway I wont worry about that unless it happens.